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Changing working hours and State Pension
pdblake
Posts: 15 Forumite
Ok, so my pension forecast says I am entitled to full state pension when I finally get there in 2037. I know I can't make the pension any better.
My question is this: I am thinking of reducing my working hours (I'm 55 this year and have a lump sum I can draw on), but this will likely mean me not paying any NI contributions at all. Will this affect my state pension? I know it says that I've got enough years in already but 12 years seems a long while not to make any contributions. Though I believe that I could give up work altogether and still be entitled to it.
My question is this: I am thinking of reducing my working hours (I'm 55 this year and have a lump sum I can draw on), but this will likely mean me not paying any NI contributions at all. Will this affect my state pension? I know it says that I've got enough years in already but 12 years seems a long while not to make any contributions. Though I believe that I could give up work altogether and still be entitled to it.
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Comments
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No. If you have made enough, you have made enough, they cant take them off you.1
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If you have achieved full SP then it won’t make any difference to your SP whether you pay NI or not.1
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That's good to know. I thought I already knew the answer, just needed some reassurance. Thanks.
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